Insider Selling: Archer Daniels Midland (ADM) Insider Sells 20,762 Shares of Stock

Archer Daniels Midland (NYSE:ADM) insider Ambrose Michael D sold 20,762 shares of the stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $45.00, for a total transaction of $934,290.00. Following the completion of the transaction, the insider now directly owns 219,384 shares in the company, valued at $9,872,280. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE ADM traded up $0.27 during trading hours on Monday, hitting $45.47. 2,700,582 shares of the stock were exchanged, compared to its average volume of 4,006,685. The company has a current ratio of 1.59, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $25,259.54, a price-to-earnings ratio of 18.72 and a beta of 1.01. Archer Daniels Midland has a 1-year low of $38.59 and a 1-year high of $45.91.

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Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.12. The business had revenue of $16.07 billion for the quarter, compared to analyst estimates of $16.64 billion. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. equities research analysts forecast that Archer Daniels Midland will post 2.88 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ffcm LLC boosted its position in shares of Archer Daniels Midland by 126.4% during the 4th quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after acquiring an additional 1,424 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Archer Daniels Midland by 188.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock valued at $102,000 after buying an additional 1,668 shares in the last quarter. G&S Capital LLC acquired a new stake in Archer Daniels Midland in the fourth quarter valued at approximately $106,000. CNB Bank acquired a new stake in Archer Daniels Midland in the fourth quarter valued at approximately $112,000. Finally, Acropolis Investment Management LLC boosted its position in Archer Daniels Midland by 1,923.9% in the fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock valued at $129,000 after buying an additional 3,059 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Several research analysts have weighed in on ADM shares. Zacks Investment Research raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, March 7th. Citigroup raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their target price for the stock from $42.72 to $49.00 in a report on Tuesday, March 6th. Buckingham Research raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their target price for the stock from $41.64 to $47.00 in a report on Wednesday, February 28th. Vertical Group raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Thursday, February 15th. Finally, Goldman Sachs raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their target price for the stock from $43.30 to $50.00 in a report on Monday, March 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $45.15.

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About Archer Daniels Midland

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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